After strong and steady growth in 2022 and 2023, the industry posted a more modest 2.4% increase last year and is forecast to shrink by 0.6% this year, led by a 3.8% slide in the shale/tight oil ...
Producer ConocoPhillips (COP.N), opens new tab could also grow oil and gas production in the low single-digit percentage this year to focus on returning cash to shareholders, Barclays said.
since they require more and more oil to support their economic growth and resulting rise in energy consumption. The supply of crude oil is limited, however, and cannot be increased further ...
Advt Benchmark Brent crude oil prices are projected to average $74 per barrel in 2025, down from $81 in 2024, according to the U.S. Energy Information Administration. Overall, for the U.S. exploration ...
since they require more and more oil to support their economic growth and resulting rise in energy consumption. The supply of crude oil is limited, however, and cannot be increased further ...